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Legal & General
(LSE:LGEN)
Legal & General (LGEN) vs. iShares MSCI United Kingdom ETF (EWC)
Legal & General Business Overview & Revenue Model
Legal & General Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.78B | 54.54B | 12.96B | 11.07B | 10.19B | 9.29B |
| Gross Profit | 5.68B | 54.54B | 12.59B | 10.72B | 9.90B | 8.99B |
| EBITDA | 845.00M | 1.11B | 704.00M | 423.00M | 1.26B | 2.92B |
| Net Income | 116.00M | 498.00M | 191.00M | 457.00M | 783.00M | 2.05B |
Balance Sheet | ||||||
| Total Assets | 557.02B | 582.27B | 544.17B | 522.10B | 506.32B | 575.46B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 17.10B | 18.58B | 22.54B | 36.26B | 16.49B |
| Total Debt | 4.71B | 25.11B | 7.70B | 6.12B | 5.48B | 5.39B |
| Total Liabilities | 554.60B | 579.96B | 540.66B | 517.31B | 494.18B | 564.51B |
| Stockholders Equity | 2.41B | 2.28B | 3.55B | 4.83B | 5.56B | 10.98B |
Cash Flow | ||||||
| Free Cash Flow | -1.22B | 4.50B | -4.54B | -14.48B | 20.28B | -374.00M |
| Operating Cash Flow | -1.13B | 4.55B | -4.45B | -14.24B | 20.46B | -169.00M |
| Investing Cash Flow | 285.00M | 170.00M | 239.00M | -422.00M | -226.00M | 133.00M |
| Financing Cash Flow | -1.35B | -2.93B | 331.00M | -556.00M | -1.03B | -1.50B |
Legal & General Technical Analysis
Legal & General Risk Analysis
Legal & General Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £3.66B | 9.24 | 6.50% | 7.21% | -7.11% | 0.45% | |
76 Outperform | £8.87B | 11.95 | 12.35% | 5.37% | 4.78% | -4.86% | |
74 Outperform | £2.39B | 20.62 | -0.05% | 3.40% | -28.04% | -102.43% | |
70 Outperform | £2.12B | 17.89 | 4.75% | 4.91% | 14.05% | -3.07% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
52 Neutral | £7.05B | 22.80 | -1.53% | 7.09% | 9.86% | -134.41% | |
48 Neutral | £13.95B | 23.71 | 6.81% | 8.29% | -38.98% | -31.14% |
Legal & General Corporate Events
Legal & General has announced that Ric Lewis will retire from its Board after six years of service, stepping down as a Non-Executive Director on 18 May 2026. The company also named Scott Wheway as the new Chair of its Nominations and Corporate Governance Committee, effective 21 May 2026, signalling continuity and oversight in its board governance as it manages £1.2 trillion in assets and maintains a market capitalisation of £14.1 billion.
These board changes underscore Legal & General’s ongoing efforts to refresh and strengthen its governance structure at a time when its diversified business model and international asset base remain central to its market positioning. Stakeholders are likely to view the appointment of a new committee chair as a move to support robust succession planning and corporate governance standards within one of the UK’s most significant financial institutions.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £285.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group has repurchased 2,992,834 of its ordinary shares between 12 and 13 March 2026 through its broker Barclays Capital Securities, at prices ranging roughly from 240.80p to 249.50p across multiple trading venues. The company will cancel these shares, reducing its total ordinary shares in issue to 5,694,752,844 and confirming that no shares are held in treasury.
The transactions form part of the share buyback programme announced on 11 March 2026, signalling an ongoing return of capital to shareholders and a tightening of the company’s equity base. The reduced share count increases the proportionate voting rights of existing holders and may support earnings per share over time, underlining management’s confidence in the group’s capital position and long-term prospects.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £285.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General has disclosed a share transaction by Group Chief Risk Officer Chris Knight, in line with UK Market Abuse Regulation requirements. The filing reports that Knight, classified as a person discharging managerial responsibilities, conducted a sale of ordinary shares in the company.
The transaction involved the sale of 100,000 ordinary shares at a price of £2.432 per share on 12 March 2026 on the London Stock Exchange. While routine in nature, such disclosures provide transparency to investors regarding insider dealings and may be monitored by stakeholders for signals about executive confidence and capital planning.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group Plc has begun the first tranche of a previously announced £1.2 billion share buyback programme, with this initial phase capped at £600 million and conducted via a non-discretionary agreement with Barclays Capital Securities. Shares repurchased under the programme, which could cover up to 476,796,751 shares and is scheduled to run from 12 March 2026 to no later than 18 September 2026, will be cancelled, reducing the company’s share capital and potentially enhancing earnings per share and capital efficiency for investors.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General reported strong 2025 full-year results, with core operating profit rising 6% to £1.62bn and core EPS up 9%, alongside £1.5bn of Solvency II capital generation and a robust 210% solvency coverage ratio. The group also highlighted a £13.3bn store of future profit and announced a £1.2bn share buyback and a 2% increase in the dividend per share as part of plans to return more than £5bn to shareholders between 2025 and 2027.
Operationally, the firm underscored continued leadership in institutional pension risk transfer with £11.8bn of global deals, strong growth in asset management with £1.2trn AUM and a 32% rise in private markets assets, and expanding workplace DC assets and retail annuities. Management positioned the business as sharper and more focused, emphasising synergies between retirement, workplace and asset management franchises to drive fee income, improve margins and support accelerated execution of its growth strategy.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £280.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group has disclosed share purchases by several senior executives and persons discharging managerial responsibilities under its Employee Share Plan. Group Chief Risk Officer Chris Knight, Group General Counsel and Company Secretary Geoffrey Timms, Group Chief Financial Officer Andrew Kail, Group Chief Operating Officer Katie Worgan, Institutional Retirement CEO Gareth Mee and incoming Group General Counsel Maria Alvarez-Scott each acquired small volumes of ordinary shares at £2.656 per share.
The transactions, executed on 2 March 2026 on the London Stock Exchange, reflect ongoing executive participation in the company’s equity-based remuneration arrangements. While modest in size, such purchases can be viewed as aligning management interests with shareholders and reinforcing governance transparency through timely regulatory disclosure under UK Market Abuse Regulation.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £280.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General has disclosed share transactions by non-executive directors Mark Jordy, Ric Lewis, and Laura Wade-Gery, in line with UK Market Abuse Regulation requirements. The three PDMRs acquired ordinary shares in the company on 2 March 2026 via the London Stock Exchange under their terms of appointment, signalling standard board-level equity participation and maintaining transparency for shareholders regarding insider dealings.
Each director purchased Legal & General ordinary shares with voting rights attached at a price of £2.66635 per share, with individual volumes of 986, 851, and 938 shares respectively. The notification underscores the group’s adherence to regulatory disclosure obligations and offers investors additional visibility into director alignment with shareholder interests through direct share ownership.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £280.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group Plc has confirmed that, as of 27 February 2026, its issued share capital comprises 5,697,730,184 ordinary shares of 2.5p each, all of which carry voting rights. The company holds no shares in treasury, meaning the total number of voting rights in issue is identical to the number of shares outstanding, a key reference figure for investors assessing disclosure thresholds under UK transparency rules.
The clarification of total voting rights helps shareholders and market participants calculate when they must notify the company and regulators of significant holdings or changes in their positions. By providing an updated denominator for these regulatory calculations, Legal & General supports compliance with the Financial Conduct Authority’s disclosure regime and reinforces transparency in its ownership structure.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £280.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General has disclosed a share transaction by its chair, Sir John Kingman, under UK Market Abuse Regulation reporting obligations. Kingman purchased 614 ordinary shares of Legal & General at a price of £2.674198 per share via an Individual Savings Account on 2 March 2026 on the London Stock Exchange, a routine PDMR dealing that marginally increases his equity stake in the group.
The notified trade underscores ongoing adherence to transparency and governance requirements for dealings by senior executives in Legal & General securities. While the transaction is small in scale, such disclosures are closely watched by market participants as indicators of management alignment with shareholders and confidence in the company’s prospects.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £280.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group Plc has disclosed that several senior executives and persons discharging managerial responsibilities, including the Group Chief Risk Officer, Group General Counsel, Group Chief Financial Officer, Group Chief Operating Officer and other designated PDMRs, have purchased small volumes of ordinary shares under the company’s Employee Share Plan. The transactions, executed on 2 February 2026 on the London Stock Exchange at a price of £2.67 per share, demonstrate ongoing executive participation in the group’s share ownership scheme and provide transparent reporting of insider dealings in line with UK Market Abuse Regulation requirements.
The most recent analyst rating on (GB:LGEN) stock is a Sell with a £254.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group Plc has disclosed share purchases by three non-executive directors, Mark Jordy, Ric Lewis and Laura Wade-Gery, who acquired ordinary shares in the company on 2 February 2026 under the terms of their appointments. The transactions, conducted on the London Stock Exchange, involve relatively small volumes but underscore ongoing alignment between the board’s interests and those of shareholders through direct equity holdings.
The most recent analyst rating on (GB:LGEN) stock is a Sell with a £252.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group Plc has reported that, as of 30 January 2026, its issued share capital comprises 5,697,679,784 ordinary shares of 2.5 pence each, all of which carry voting rights, and that it holds no shares in treasury. The company confirmed that the total number of voting rights stands at 5,697,679,784, a figure shareholders should use as the reference denominator for calculating thresholds for disclosure of holdings under the FCA’s Disclosure Guidance and Transparency Rules, reinforcing transparency around significant shareholdings and corporate governance compliance.
The most recent analyst rating on (GB:LGEN) stock is a Sell with a £252.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group Plc has disclosed a transaction by its chair, Sir John Kingman, in line with UK Market Abuse Regulation requirements. Kingman purchased 620 ordinary shares in the company at a price of £2.649576 per share through an Individual Savings Account (ISA) on 2 February 2026, with the trade executed on the London Stock Exchange. The notification underscores ongoing adherence to transparency and governance standards around dealings by directors and senior managers, providing shareholders and the market with visibility over changes in leadership shareholdings.
The most recent analyst rating on (GB:LGEN) stock is a Sell with a £252.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group has completed the sale of its US insurance entity, which includes its US protection and US pension risk transfer businesses, to Japan’s Meiji Yasuda Life Insurance for an equity value of $2.3 billion in cash, while simultaneously establishing a long-term strategic partnership to jointly grow their US pension risk transfer offering via Banner Life. The deal generates £1.2 billion of Solvency II capital and an expected IFRS profit of more than £1.3 billion, and L&G plans to return an additional £1 billion of the proceeds to investors through an expanded 2026 share buyback of £1.2 billion, while Meiji Yasuda will take a 5% economic interest in L&G, strengthening the balance sheet, lifting solvency coverage, and positioning both firms to capitalise on a US pension risk transfer market exceeding $40 billion in annual volumes.
The most recent analyst rating on (GB:LGEN) stock is a Sell with a £252.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General has disclosed that Laura Mason, CEO of Retail and a person discharging managerial responsibilities, has exercised nil-cost options granted under the company’s 2014 Performance Share Plan from awards made in 2019 and 2020. On 5 January 2026 she exercised options over a total of 419,472 shares, selling 201,640 shares at £2.621979 to cover tax and dealing costs and retaining 217,832 shares, with the transactions carried out on the London Stock Exchange; the announcement reflects standard UK MAR transparency obligations around executive incentive awards and share dealings.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group Plc has disclosed that several senior executives, including the Group Chief Risk Officer, Group General Counsel and Company Secretary, Group Chief Financial Officer, Group Chief Operating Officer, and the CEO of Legal & General Institutional Retirement, have purchased ordinary shares in the company through the Legal & General Group Plc Employee Share Plan. The transactions, executed on 2 January 2026 on the London Stock Exchange at a price of £2.64 per share for relatively small volumes, form part of routine employee share participation and are reported in line with UK Market Abuse Regulation requirements, underscoring ongoing executive alignment with shareholder interests and regulatory transparency.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General has confirmed the vesting of part of a one-off recruitment-related share award granted to Group Chief Executive Officer António Simões, compensating him for incentive awards forfeited on leaving his previous employer. Under a plan structured on terms equivalent to the company’s Share Bonus Plan, 85,256 shares from a larger conditional award of 1,229,642 shares vested on 31 December 2025, with dividend equivalents delivered as additional shares, and 47,433 of the resulting 100,647 shares sold to cover tax and national insurance obligations while 53,214 shares were retained; the transaction, carried out on the London Stock Exchange at £2.616789 per share for the sale portion, is disclosed under UK Market Abuse Regulation and underscores the group’s adherence to best practice governance in executive remuneration.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group Plc has reported that, as at 31 December 2025, its issued share capital comprised 5,697,611,241 ordinary shares of 2.5 pence each, all carrying voting rights, and that it held no shares in treasury, resulting in a total of 5,697,611,241 voting rights. The company noted that this figure should be used by shareholders as the denominator when assessing whether they must disclose any holdings or changes in their interests under the FCA’s Disclosure Guidance and Transparency Rules, underpinning ongoing transparency in the ownership structure and regulatory compliance for investors.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group has disclosed that its chair, Sir John Kingman, purchased 628 ordinary shares in the company on 2 January 2026 via an individual savings account (ISA) at a price of £2.6182 per share on the London Stock Exchange. The transaction, reported under UK Market Abuse Regulation requirements for persons discharging managerial responsibilities, signals ongoing insider investment in the group’s equity and provides shareholders with additional transparency around board-level dealings in Legal & General stock.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General has disclosed that non-executive directors Mark Jordy, Ric Lewis and Laura Wade-Gery have purchased ordinary shares in the company on 2 January 2026 under the terms of their appointments, at a price of £2.614 per share, with respective volumes of 1,006, 868 and 957 shares, on the London Stock Exchange. The transactions, reported under UK Market Abuse Regulation as dealings by persons discharging managerial responsibilities, underline ongoing board-level alignment with shareholder interests through direct equity ownership and contribute to transparency in the company’s corporate governance practices.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group Plc will redeem the remaining £12.7 million of its £600 million Fixed Rate Reset Subordinated Notes due 2064 on 2 February 2026 at the special redemption price, including accrued interest, following the earlier repurchase and cancellation of £587.3 million of the notes via a tender offer completed in September 2025. After this final redemption, no notes under this issue will remain outstanding, and their listing on the FCA’s Official List and admission to trading on the London Stock Exchange’s Main Market will be cancelled, simplifying the group’s capital structure and removing this instrument from its listed debt portfolio.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Legal & General Group Plc has announced that Nilufer Kheraj has been appointed as a non-executive director of Games Workshop Group Plc, effective 1 January 2026, in accordance with regulatory disclosure requirements. The move highlights the continued external board responsibilities of senior figures associated with L&G, underlining the group’s wider influence across UK corporates and potentially deepening governance and strategic links between the financial services and leisure sectors.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.